IODM LIMITED — Capital/Financing Update 2012

Nov 15, 2012

==> picture [256 x 38] intentionally omitted <==

==> picture [256 x 38] intentionally omitted <==

Suite 202, 122 Walker St W www.paradigmmetals.com.au North Sydney 2060 E info@paradigmmetals.com.au New South Wales T +61 2 9955 7130 AUSTRALIA F +61 2 8920 3576

ABN 28 102 747 133

16 November 2012

Company Announcements Office Australian Securities Exchange Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir / Madam

Entitlements Issue; Notification of Under Subscriptions

The Company’s underwritten, non renounceable entitlements issue closed on 15 November 2012 and the Company advises that under subscriptions, subject to the clearance of cheques, total 193,243,897 shares.

Yours faithfully

==> picture [113 x 67] intentionally omitted <==

Stephen J Lonergan Company Secretary

1